Infinity I-China will expand in China with CDB
Infinity I-China, the Israeli venture capital fund, has signed a memorandum of understanding with China Development Bank to expand the fund's investment activities in Chinese companies through its six RMB-denominated funds, formed in partnership with seven major cities in China for a total of $200 million last month.
China Development Bank is one of Infinity's existing investors, having invested some $30 million in 2008. Amir Gal-Or, managing partner of Infinity, said publicly that the six funds would initially invest...
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